USEUROPEAFRICAASIA 中文双语Français
Home / Business

Blockchain to make relief donations tamper-proof

By He Wei in Shanghai | China Daily | Updated: 2017-01-19 07:42

Alipay, China's third-party online payment platform operated by Ant Financial, has added blockchain technology to its donation section in a bid to ensure more transparency in charity donations.

This allows a record to be kept of donations made by Alipay users to charities through its "Ant Love" platform, and enables both donors and charities to develop greater insight into how funds are being handled, the company said.

The technology will make it tougher to alter records, which the firm hopes will improve accountability.

Blockchain to make relief donations tamper-proof

Today's Top News

Editor's picks

Most Viewed

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US